More NewsSunGard and the DTCC Link To Streamline Managed Accounts

SunGard and the DTCC Link To Streamline Managed Accounts

SunGard has announced an agreement with The Depository Trust & Clearing Corporation (DTCC) to provide connectivity through the SunGard Transaction Network (STN) to DTCC’s managed account communications network, linking investment managers, broker/dealers and service providers. DTCC’s Managed Accounts Service (MAS) is a centralised communications platform that automates the exchange of account information required to open and support managed accounts. The service is offered through DTCC Solutions, a subsidiary of DTCC. STN will transmit messages from a variety of its customer counterparties and distribute them to MAS through a centralised connection point. SunGard say that STN’s connectivity to DTCC will help STN’s customers to seamlessly integrate with DTCC’s service and facilitate rapid adoption of industry standards. By automating and standardising the data flow between counterparties, STN and DTCC help managed accounts participants increase operational efficiencies, reduce trade-related costs and risk, and stimulate growth, ultimately benefiting the underlying investor.

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